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Dec 29, 2012
12/12
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staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development for house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate le
staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that...
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Dec 27, 2012
12/12
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president. >> we're going to step away from harry reid. you kind of get the gist of what he's saying. he's blaming the republican john boehner for the stall in talks on fiscal cliff. dana bash is our congressional correspondent. it just seems like this is the blame game. the house speaker would blame the president, the senate majority leader would blame the house speaker. who is to blame in all this? >> everybody is, carol. it's the blame game. i'm a little surprised at how personal harry reid just got in going after the speaker. it is true that things have clearly broken down, that goes without saying, and that the democrats were not happy that maybe a week and a half ago the speaker pulled out of talks with the president after they had reached a pretty good amount of progress. but the fact that he called the speaker a dictator and in the next breath said he's worried about his job, it's a little contradictory, but very personal. let me give you a little bit of a reality check. that is it is true that the house is not in session. they wil
president. >> we're going to step away from harry reid. you kind of get the gist of what he's saying. he's blaming the republican john boehner for the stall in talks on fiscal cliff. dana bash is our congressional correspondent. it just seems like this is the blame game. the house speaker would blame the president, the senate majority leader would blame the house speaker. who is to blame in all this? >> everybody is, carol. it's the blame game. i'm a little surprised at how personal...
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Dec 22, 2012
12/12
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reid. however, publicly what is being said sounds a whole lot like it has over the past couple of weeks, which tells us, randi, we're not exactly sure if we're going to get something worked out in the next few days. >> yeah, that's the question, of course. are we any closer? and i guess we don't really know. what about for workers? will they see any extra taxes coming out of their paychecks right on january 1st if there isn't a deal? >> you know, imagine being a payroll check processor at this point. they do not know what to do. if they are going to issue checks to people on the first week of the new year, a lot of people are expecting them to come, they have to cut those checks next week. and as of now, the irs hasn't told these companies how much they should be withholding taxes because they don't know because of this impasse in washington. so a lot of uncertainty about when this would start to be applied. would it be retroactively. don't know what your first paychecks could look like as
reid. however, publicly what is being said sounds a whole lot like it has over the past couple of weeks, which tells us, randi, we're not exactly sure if we're going to get something worked out in the next few days. >> yeah, that's the question, of course. are we any closer? and i guess we don't really know. what about for workers? will they see any extra taxes coming out of their paychecks right on january 1st if there isn't a deal? >> you know, imagine being a payroll check...
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Dec 29, 2012
12/12
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tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax threshold. 250. i wouldn't be surprised if they went to him with a higher number. u.n. extension, doc fix and the umt with the sequester and that would be it. >> jimmy p., what do you think? will we have a deal on monday and is it going to be enough? >> i think we will have a deal. one big difference now than maybe a couple of weeks, three weeks ago is a lot of republicans believe that eventually they really believe that the president would cave and they would cave again just like they did in 2010 that if he's so worried about a second recession would just smear his second term and he would cave. if you saw the president today in the news conference, he did not look like a guy about to cave to me. he's not going cave. this deal will go through. >> what's it going to be. >> will
tell me, how is harry reid going to come up with something by monday? >> well, as you've been stressing for most of the show, correct me, this is not a budget. this is a last-minute deal that's going to have a few components and i will count them on one hand that will have a tax threshold. 250. i wouldn't be surprised if they went to him with a higher number. u.n. extension, doc fix and the umt with the sequester and that would be it. >> jimmy p., what do you think? will we have a...
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Dec 29, 2012
12/12
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we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's starting to resonate at least with some of the elder members of both sides
we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the...
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Dec 28, 2012
12/12
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senate majority leader harry reid leaving right now. we'll come in and out of this conversation with whatever news we have. you talk about regulation and things that impact the big banks. what is your outlook for 2013 given we have a lot coming down the pike in the way of more rules and potentially more costs for this industry? >> well, you know, when we're looking at regulation, we've been in the process, you know, since we went through the financial crisis of adapting to new regulation. the banks have been able to, you know, double their excess capital, improving their overall base of capital to the point now that they're even meeting the basel iii guidelines for the most part. when you look at the stress tests and what we'll go in march they have been able to derisk their balance sheets and able to build capital so we can pay out twice as much of our incremental earnings we had last year. when you look at liquidity, we've been able to build liquidity on the balance sheets. deposit growth has been very strong. so for the most part we'
senate majority leader harry reid leaving right now. we'll come in and out of this conversation with whatever news we have. you talk about regulation and things that impact the big banks. what is your outlook for 2013 given we have a lot coming down the pike in the way of more rules and potentially more costs for this industry? >> well, you know, when we're looking at regulation, we've been in the process, you know, since we went through the financial crisis of adapting to new regulation....
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Dec 24, 2012
12/12
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will he craft a deal with harry reid? that's dicey. whatever bill is passed, may not be that popular. raising tax rates and probably cut back on benefits so, remains to be seen if they can get 60 in the senate and 218 in the house. but boehner may have to put that senate pass bill of the 250,000 obama plan, he says that doesn't have the votes topaz the house. he may have to prove that. >> real quickly i want to shift gears here and talk about chuck hagel and the potential of him being put up to the cabinet level position of secretary of defense. and getting criticism from the left and the right, chuck schumer declining to endorse him yesterday on meet the press. i want to play for everybody what andrea mitchell also said on "meet the press." >> this white house cannot continue to float trial balloons and then not have them shot down. the president can't perceived to being rolled by opponents. the problem of chuck hagel with support in the foreign policy community is shot at from the left and the right. >> i want to put it to you, both.
will he craft a deal with harry reid? that's dicey. whatever bill is passed, may not be that popular. raising tax rates and probably cut back on benefits so, remains to be seen if they can get 60 in the senate and 218 in the house. but boehner may have to put that senate pass bill of the 250,000 obama plan, he says that doesn't have the votes topaz the house. he may have to prove that. >> real quickly i want to shift gears here and talk about chuck hagel and the potential of him being put...
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Dec 28, 2012
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one person isn't spotted yet on the beltway is house speaker john boehner and harry reid took him to task for it earlier. demanding that he bring the chamber of commerce back to session for a deal to be struck. >> the house of representatives with four days left aren't here with the speaker having told them he will give them 48 hours' notice. if we go over the cliff it will be with the knowledge that could have been done with a single vote. >> andrea: boehner's spokesman said reid should talk less. the speaker insists the senate should ask first for members to reconvene on sunday. we can go off the cliff. pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have t
one person isn't spotted yet on the beltway is house speaker john boehner and harry reid took him to task for it earlier. demanding that he bring the chamber of commerce back to session for a deal to be struck. >> the house of representatives with four days left aren't here with the speaker having told them he will give them 48 hours' notice. if we go over the cliff it will be with the knowledge that could have been done with a single vote. >> andrea: boehner's spokesman said reid...
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Dec 24, 2012
12/12
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president obama and senate majority leader harry reid were on hand. he represented the state of hawaii for nearly 50 years. the 88-year-old died of respiratory complications last monday. >>> the clock is ticking for all you procrastinators. tomorrow, of course, is christmas eve. francis has more on the last minute shopping frenzy. >> reporter: as santa finishes up his list before his big trip, most americans are headed out to finish shopping for everyone on their list. >> mom, dad, brother, sister. >> sneakers for my nephew. that's it. i'm done. >> reporter: according to a survey last week, there are millions of shoppers not quite done. 132 million to be exact. 26 million hadn't even started. >> i know who i need to buy for but not what i'm buying yet. >> reporter: many stores, like target, toys r us, and macy's, staid open around the clock this weekend and plan to through christmas eve. >> a lot of people have really challenging work schedules. and people like the convenience. >> reporter: although a poll showed that 17% were planning to spend less t
president obama and senate majority leader harry reid were on hand. he represented the state of hawaii for nearly 50 years. the 88-year-old died of respiratory complications last monday. >>> the clock is ticking for all you procrastinators. tomorrow, of course, is christmas eve. francis has more on the last minute shopping frenzy. >> reporter: as santa finishes up his list before his big trip, most americans are headed out to finish shopping for everyone on their list. >>...
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Dec 28, 2012
12/12
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harry reid can talk about mr. boehner. he sat over there for three years and has not passed a bill on his side of the aisle. i feel there is an imbalance in the thinking of the people of this country. if we do not get her mind straits, we're in for some deep problems. i am a conservative by nature. the culture and liberal left wing is running this country -- the ulta and liberal and left- wing is running this country. host: thank you for the call. 44% of voters think congressional republicans are to blame. 15% blame both sides equally. a lot of focus in new york. funding for hurricane sandy relief efforts totaling $60 billion. it is unlikely to be in the house. many are saying it is too expensive. "lock them up until they deal." we will continue our conversation on the fiscal cliff. damian paletta will be joining us from "the wall street journal" as negotiations resumed at 3:00 p.m. today at the white house. later, randal o'toole with the cato institute. he has a new book and will be joining us at 8:30. "washington journal
harry reid can talk about mr. boehner. he sat over there for three years and has not passed a bill on his side of the aisle. i feel there is an imbalance in the thinking of the people of this country. if we do not get her mind straits, we're in for some deep problems. i am a conservative by nature. the culture and liberal left wing is running this country -- the ulta and liberal and left- wing is running this country. host: thank you for the call. 44% of voters think congressional republicans...
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Dec 30, 2012
12/12
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we are getting word from the nation's capital that harry reid will soon be coming out and address the fiscal cliff at the microphones any moment now. congressional leaders are holding marathon negotiations behind closed doors. we're only getting drips of what is going on racing against the clock as the final countdown to the fiscal cliff deadline begins. unless a deal is reached by january 1st, more than $500 billion in tax increases and spending cuts are set to kick in affecting nearly every american. hello, i'm gregg jarrett. >> arthel: i'm arthel nevil. welcome to a brand-new hour. as gregg just said the ball is in the senate's court. the republicans submitted a proposal to the senate democrats last night and are still waiting for a response. who is up at the podium right now. >> gregg: let's take a look at the shot. >> they are continuing to discuss this. we think there could be a path forward. one thing there is democrats have come out and made a change on cpi and republicans are concerned if that is not used as an offset to replace some of the spending cuts that would occur unde
we are getting word from the nation's capital that harry reid will soon be coming out and address the fiscal cliff at the microphones any moment now. congressional leaders are holding marathon negotiations behind closed doors. we're only getting drips of what is going on racing against the clock as the final countdown to the fiscal cliff deadline begins. unless a deal is reached by january 1st, more than $500 billion in tax increases and spending cuts are set to kick in affecting nearly every...
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Dec 24, 2012
12/12
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>> reporter: well, and don, we should probably say where our senate majority leader harry reid and senator mcconnell, the republican leader in the senate, because now all eyes turn to the senate. they're set to come back to town on the 27th. that is thursday. and at this point there are a number of options for some sort of bill that senate majority leader harry reid could put on the floor, but right now it appears democrats in the white house are pushing for something that still concentrates on making sure that income tax rates for those making a quarter million dollars or less don't go up. that said, it's really hard to see how at that rate senator mcconnell might allow some republican senators to support it or that some republican senators would even want to jump on board with that and even harder to see how a bill like that is something that house speaker john boehner would allow to the floor -- allow to the house floor for a vote. so things are very uncertainty point and you're hearing a lot of pessimism as we just heard from democrats and republicans about what will happen with the fi
>> reporter: well, and don, we should probably say where our senate majority leader harry reid and senator mcconnell, the republican leader in the senate, because now all eyes turn to the senate. they're set to come back to town on the 27th. that is thursday. and at this point there are a number of options for some sort of bill that senate majority leader harry reid could put on the floor, but right now it appears democrats in the white house are pushing for something that still...
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Dec 22, 2012
12/12
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harry reid passed it back in july, and republicans refused to vote on it. boehner, why don't you vote on that? the time for complaining about this deal, totally over. >> nobody can get 100% of what they want, and this is not simply a contest between parties in terms of who looks good and who doesn't. >> don't you think republicans need to be careful about pushing back on this for the good of the country? if no deal is struck this year, president obama, what does he have? well, he's got the inauguration coming up. a big platform. he's got the state of the union address coming up. a big platform. he is going to have a better chance to have the american people on his side. president obama urged all members of congress to get some perspective over the holiday weekend on this. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols, enjoy the company of loved ones, and then i'd ask every member of congress while they're back home to think about that. think about the obligations we have to the people who
harry reid passed it back in july, and republicans refused to vote on it. boehner, why don't you vote on that? the time for complaining about this deal, totally over. >> nobody can get 100% of what they want, and this is not simply a contest between parties in terms of who looks good and who doesn't. >> don't you think republicans need to be careful about pushing back on this for the good of the country? if no deal is struck this year, president obama, what does he have? well, he's...
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Dec 27, 2012
12/12
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sources tell us majority leader harry reid will be pushing a scaled back version of the fiscal cliff package that president obama laid out last week. it moved the tax hike needle to $400,000 per household. no word yet on when the house might come back with time ticking away. democrats are hoping that a scaled back plan could get through the house, senate and white house before that big ball drops on 2013. that would be sometime on december 30th or even on new years eve. we want to bring in jonathan allen. he's a senior national correspondent for politico. the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's a real reason to change it. in terms of the p
sources tell us majority leader harry reid will be pushing a scaled back version of the fiscal cliff package that president obama laid out last week. it moved the tax hike needle to $400,000 per household. no word yet on when the house might come back with time ticking away. democrats are hoping that a scaled back plan could get through the house, senate and white house before that big ball drops on 2013. that would be sometime on december 30th or even on new years eve. we want to bring in...
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Dec 30, 2012
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harry reid, before his closed door luncheon, said he was still cautiously optimistic. hard to see from our perspective why he would say this because things seem pretty bleak at this point, though you never know what's going on behind closed doors. melissa. >> thank you very much. keeping an eye on that podium because senator harry reid is apparently going to come out and speak in a few minutes so we'll watch for that. let's go to the white house correspondent kristen welker. we know the senate majority leader has talked to the president. has there been any reaction from the white house today. >> reporter: the white house is not commenting on these negotiations that are going on over on the hill. they do not want to derail them by speaking out, by agitating the situation, but i tell you that there is a lot of investment here going on behind the scenes. in addition to mitch mcconnell speaking to vice president biden, the president sent his top negotiator, one of his top negotiators, rob nabors over to the hill. he's meeting with senate democrats as well this afternoon. a
harry reid, before his closed door luncheon, said he was still cautiously optimistic. hard to see from our perspective why he would say this because things seem pretty bleak at this point, though you never know what's going on behind closed doors. melissa. >> thank you very much. keeping an eye on that podium because senator harry reid is apparently going to come out and speak in a few minutes so we'll watch for that. let's go to the white house correspondent kristen welker. we know the...
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Dec 26, 2012
12/12
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majority leader harry reid is devising a partial solution that could ease economic fears. >> if we go over in a chaotic fashion, where members of congress are deeply grid locked with no sign of coming together, then we're likely to go over and stay over. and that's very problematic. >> reporter: going over the cliff would restore higher bush era tax rates and trigger deep spending cuts on january 1st. congress set up the harsh mechani mechanism, hoping it would force a compmise, but it hasn't. >> washington remains on square one in the fiscal cliff talks. >> reporter: congress reached this brink before christmas when speaker john boehner failed to get enough house republicans to support his solution, threw up his hands and said it's up to leader reid and the president. >> how we get there, god only knows. >> reporter: aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate spending cuts and restore unemployment benefits. >> what needs to happen now is for a sense of desperation among lawmakers to kick in and realize that if we go past january 1s
majority leader harry reid is devising a partial solution that could ease economic fears. >> if we go over in a chaotic fashion, where members of congress are deeply grid locked with no sign of coming together, then we're likely to go over and stay over. and that's very problematic. >> reporter: going over the cliff would restore higher bush era tax rates and trigger deep spending cuts on january 1st. congress set up the harsh mechani mechanism, hoping it would force a compmise, but...
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Dec 27, 2012
12/12
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harry reid says they're headed over the cliff. it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington today and should not have let them go. they are not here. john boner cared more about his speakership than the financial footing. >> they're now working on a fiscal clear solutions they say the majority leader should talk less and legislate more. also mitch mcconnell says the leader is happy to review with the president what he has in mind but that a majority has not put forward a plan. when they do members will review legislation to make decisions on how fast -- best to proceed. >> it takes time for the house and senate to get something done. if there
harry reid says they're headed over the cliff. it is really about senator harry reid and mitch mcconnell? >> to develop the political staring contest democrats say republicans need to move and around rego. the president arrived this morning from hawaii and so with the top democrats and republicans but still no update to report. senate majority leader harry reid said it looks like we're going over a cliff and it is up to the house. >> speaker boner shed call people back to washington...
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Dec 22, 2012
12/12
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mitch mcconnell at this moment may help harry reid make that happen in a very quiet way. but have you other peop but you have other people who simply won't follow. it's difficult to lead people who are not playing by the normal rules of pragmatic politics and compromise, giving their views are out of step with the country. >> i will tell you, the representative is nodding with you in agreement. representative john yarmuth and mr. john harwood. thank you, happy holidays. >> same to up. >>> straight ahead, pulitzer-prize winning author john mae meacham, and the impact that the benghazi report may have on hillary clinton's possible run. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as p
mitch mcconnell at this moment may help harry reid make that happen in a very quiet way. but have you other peop but you have other people who simply won't follow. it's difficult to lead people who are not playing by the normal rules of pragmatic politics and compromise, giving their views are out of step with the country. >> i will tell you, the representative is nodding with you in agreement. representative john yarmuth and mr. john harwood. thank you, happy holidays. >> same to...
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Dec 27, 2012
12/12
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that's not going to change, but what harry reid is saying it's their fault. we already heard from mitch mcconnell, the republican leader, it's their fault, it's the democrats. finger-pointing in washing,ton, but what i heard from speaker bain e. he said we's expecting a new proposal by the president. swu the communication is off on the capitol hill switchboard but mcconnell sounds an awful like a guy that the president will make him a new proposal based on what he and the president discuss the laughed night. the real condition here is will president obama make a new deal for any deal that could be gotten done. >> i just tweeted that out, you nailed, it eamon. lots of finger-pointing an complaining and sour grapes going on and very little in the way of compromise talk. thanks very much. continue to monitor the situation and get back to you, if we need to. >> in the meantime, what does all this wringling. >> and harry reid going at it with senator mcmcconnell. we'll talk to outgoing kay bailey hutchison and get her take. what is she hearing? will we get a deal
that's not going to change, but what harry reid is saying it's their fault. we already heard from mitch mcconnell, the republican leader, it's their fault, it's the democrats. finger-pointing in washing,ton, but what i heard from speaker bain e. he said we's expecting a new proposal by the president. swu the communication is off on the capitol hill switchboard but mcconnell sounds an awful like a guy that the president will make him a new proposal based on what he and the president discuss the...
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Dec 28, 2012
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president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it
president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m.,...
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Dec 28, 2012
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you talked about harry reid picking on me. harry reid suggesting that i'm the reason they haven't done anything is a little bit silly. he ought to look in the mirror, and the reason for that is the senate hasn't voted a budget in three to four years. it would be nice if the senate would pass a budget. then we could compare it to the republican budget, and perhaps we could compromise on how much spending we need to bring down. >> right. >> but raising taxes is not a compromise because the problem is spending. you can compromise on how much you cut spending. >> right. let me ask you this. we're running out of time as we always do. never enough time with grover norquist. how about this proposal from coaching and alexander today that would raise the debt ceiling by $1 trillion if you had a commensurate amount of money taken out of the medicare system by raising the age eligibility to 67 and means t t testing for wealthy recipients of medicare? does that work for you? >> well, if it's all on the spending side, remember, when we get
you talked about harry reid picking on me. harry reid suggesting that i'm the reason they haven't done anything is a little bit silly. he ought to look in the mirror, and the reason for that is the senate hasn't voted a budget in three to four years. it would be nice if the senate would pass a budget. then we could compare it to the republican budget, and perhaps we could compromise on how much spending we need to bring down. >> right. >> but raising taxes is not a compromise...
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harry reid saying we did our job months ago. do you think we til would posturing stage at the end of that white house meeting tomorrow? >> in your introduction you made the fundamental point here which is that this agreement before the end of the year, simply cannot go forward unless john by nor is willing to let it do so with majority democrats in the house. if we go over the curve as you put it, they can vote for a large tax decrease becaused off of the new rates that would be reset. they can say we votes to cut taxes for 98% of households. but it is the only scenario that i cap see out there in the near term. >> the building that read has passed. let's lis ep to what mitch mcconnell said about that? >> the senate bill passed with ome democratic votes and despite this repeated calls for the house to pass it. he knows that he himself is the reason it can't happen. the paperwork never left the senate. i said at that time we knew it didn't pass constitutional muster. it has one procedural rule for congress that all tax bills must
harry reid saying we did our job months ago. do you think we til would posturing stage at the end of that white house meeting tomorrow? >> in your introduction you made the fundamental point here which is that this agreement before the end of the year, simply cannot go forward unless john by nor is willing to let it do so with majority democrats in the house. if we go over the curve as you put it, they can vote for a large tax decrease becaused off of the new rates that would be reset....
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Dec 24, 2012
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reid, in hawaii for the funeral of daniel inouye and is now on his way back to washington. it would come down to the senate doing something. there would be a possibility that senate mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to personally support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's very much unclear. the fact is, though, it doesn't just matter what the senate does, don. the house would have to pass something, and whatever were to come out of the senate at this point would require not just republican support, they made that clear last week when they didn't support speaker boehner's plan b. it would also require democratic votes, and that means it would come down to spea
reid, in hawaii for the funeral of daniel inouye and is now on his way back to washington. it would come down to the senate doing something. there would be a possibility that senate mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to personally support it,...
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i think if harry reid does it, fine. let him do it. we need to think of what the country needs more than what each party does and concerned about the election on january 3rd? if nothing happens, he may have to worry about the election, john boehner. what i would advise him to do, he doesn't seek my advice, let me give you some advice. be what you want to be. do what you have to do. and democrats will support you if you do that. >> do you think at this point there's even enough time to get a deal done? realist achally. >> absolutely. there is time. now, i know we went out of session today and won't be in session technically until monday. that can change over the weekend. through emergency. so what happens to saturday and sunday? i mean, we all rather be with our families and friends but the fact is america needs this done right now. you know what's disappointed me most of all, craig? talking heads, many of them on television and some members of my own party saying, well, it won't be as bad. we'll take it up in the new congress. i think
i think if harry reid does it, fine. let him do it. we need to think of what the country needs more than what each party does and concerned about the election on january 3rd? if nothing happens, he may have to worry about the election, john boehner. what i would advise him to do, he doesn't seek my advice, let me give you some advice. be what you want to be. do what you have to do. and democrats will support you if you do that. >> do you think at this point there's even enough time to get...
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gregg: what about harry reid? what's his, does he have anything at all maybe towards the end of the week he will put on the table? i've been hearing he will put to a vote an extension of the bush tax cuts for anybody making under $250,000 a year, extend unemployment benefits for some 2 million people that are about to lose them. what are you hearing? >> right. he sounded pretty pessimistic this morning but that could change and there's, kind of a fight, procedurally between the house and the senate in a sense that if reid originates a bill in the senate that would do what you said, people in the house say, well that would be unacceptable because the constitution requires revenue bills to originate in the house. but there is this bill that the house did pass a while back extending tax cuts for everybody. the senate could actually amend that bill. it originated in the house and then send it back and actually get somewhere. you have to remember that john boehner actually gave in on the principle of raising tax rates
gregg: what about harry reid? what's his, does he have anything at all maybe towards the end of the week he will put on the table? i've been hearing he will put to a vote an extension of the bush tax cuts for anybody making under $250,000 a year, extend unemployment benefits for some 2 million people that are about to lose them. what are you hearing? >> right. he sounded pretty pessimistic this morning but that could change and there's, kind of a fight, procedurally between the house and...
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that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get h
that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate....
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senate majority leader harry reid, minority leader mitch mcconnell will have to work together. a lot of focus shifts to mcdonnell. he has to try to get something that will pass with republicans that they can get through the house and senate, but i think president obama certainly has a role to play. remember, he is the one who ran on the platform. >>> you heard him map out on friday. he would like a scaled-back version of the grand bargain, something to prevent taxes going up, and also lay the groundwork potentially for deficit reduction in the future. i think you will see president obama cut his vacation short, and continue to play a role in those negotiations. richard. >>> kristin, over the weekend, he attended the funeral for the late senator inouye, who he has called an inspiration to him. what did you see in that service? >> well, more than 20 members of congress attended, mostly democrats, majority leader harry reid spoke and praised senator inouye for his partisan spirit, reaching across the aisle. of course in an earlier memorial service, the president called the late se
senate majority leader harry reid, minority leader mitch mcconnell will have to work together. a lot of focus shifts to mcdonnell. he has to try to get something that will pass with republicans that they can get through the house and senate, but i think president obama certainly has a role to play. remember, he is the one who ran on the platform. >>> you heard him map out on friday. he would like a scaled-back version of the grand bargain, something to prevent taxes going up, and also...
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Dec 26, 2012
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the president then met with harry reid and talked to john boehner by phone and we have heard harry reid is working on legislation, perhaps mitch mcconnell's involved in this, as well. so when we look at this, david, who's pulling the strings now? who will sit down and make the deal happen? >> there's eyes on mitch mcconnell. he's been influential in past debt negotiations. a year and a half ago in sort of coming up with something that his fellow republicans would like and i think the question is, though, as meredith said, john boehner doesn't seem to have full control of his caucus and looking at the house, is boehner comfortable with moving something with a majority of democratic support and some republican support to put it over the threshold. looks like there's a lot of shifting going on about who to blame going over the cliff and probably not a good sign because they're setting up who to blame and might be an inkling to come. >> the votes not on the side of boehner last week, meredith, if there's a bipartisan deal out of the senate, will those who were not for john boehner's plan "b
the president then met with harry reid and talked to john boehner by phone and we have heard harry reid is working on legislation, perhaps mitch mcconnell's involved in this, as well. so when we look at this, david, who's pulling the strings now? who will sit down and make the deal happen? >> there's eyes on mitch mcconnell. he's been influential in past debt negotiations. a year and a half ago in sort of coming up with something that his fellow republicans would like and i think the...
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so it's not impossible that harry reid could get that up or down vote. i'll tell you, the way things stand now, if that was today, he would not get that vote. republicans would likely block that vote with a filibuster. but again, we just can't predict the future in this congress. and if there's no other deal, it's hard to say what lawmakers on either side would do when we come to january 1 or january 2. >> all right. while lawmakers are negotiating, i understand president obama is making the rounds? >> reporter: yeah. yes. his schedule actually is -- funny, he has no public events at all this weekend except for one. we know that he is planning to be on "meet the press." a very rare appearance for the president on a morning news show. but he's obviously picking his timing carefully and very poignantly. he want to put extra pressure on congress, and he's making an appearance tomorrow on nbc's "meet the press." >> lisa desjardins in washington, thanks. we'll be watching right along with you. >>> in india, the young woman gang raped on a new delhi bus is dea
so it's not impossible that harry reid could get that up or down vote. i'll tell you, the way things stand now, if that was today, he would not get that vote. republicans would likely block that vote with a filibuster. but again, we just can't predict the future in this congress. and if there's no other deal, it's hard to say what lawmakers on either side would do when we come to january 1 or january 2. >> all right. while lawmakers are negotiating, i understand president obama is making...
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senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house speaker john boehner is saying the senate needs to just take up a house pass bill that has already passed the house that would extend rates for all americans to either take it up in whole rf to amend it. the senate would take up that bill, amend it. if we do go over the cliff there is this possibility and a
senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate...
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senate majority leader harry reid has to cobble together something to get support from some republicans in the senate and also from the house in order to aavert this fiscal cliff. the white house right now is saying they want the threshold for the income tax rates at a quarter million dollars. that might be difficult to get republican support on that, so we'll see if that changes, suzanne. >> do we expect that the president is going to come back early from his hawaii vacation if anything happens on the senate side? clearly, he could get things done from hawaii as well, but it could be at least symbolically for him to return to washington. >> reporter: definitely. we expect that he will be heading back to washington, d.c. he was supposed to be here through the new year. i will tell you nothing is official on the schedule that he's definitely going back to d.c., but the sense you get from the white house is that it's more an issue of when and not if. if there is a bill that goes through the senate, the president will have to be there in order to perhaps twist some arms and certainly the o
senate majority leader harry reid has to cobble together something to get support from some republicans in the senate and also from the house in order to aavert this fiscal cliff. the white house right now is saying they want the threshold for the income tax rates at a quarter million dollars. that might be difficult to get republican support on that, so we'll see if that changes, suzanne. >> do we expect that the president is going to come back early from his hawaii vacation if anything...
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why pass that when we know harry reid will kill it in the senate or obama will veto it? why go out on a limb and abandon the idea that republicans never allow a tax hike for something that's just going to be an attempt at a strategic thing? the reason they thought it would fail was because it would involve trying to what i meblamf we went over the fiscal cliff, and republicans don't think the media would accept that narrative. you know better than i would how the media would react but that was the feeling on the republicans' part, they couldn't successfully pin obama with going over the cliff. >> i never speak for the media, i speak only for myself, and i don't know. it's going to depend. you have a column in december that said, john boehner, cat herder. i was thinking the cats got the better of the speaker. what do you think that means for his future? does he remain as speaker? does someone else come in and take over because it's an indication he can't control his own group? >> well, it certainly wasn't a vote of confidence. i think, look, john boehner was right, he gav
why pass that when we know harry reid will kill it in the senate or obama will veto it? why go out on a limb and abandon the idea that republicans never allow a tax hike for something that's just going to be an attempt at a strategic thing? the reason they thought it would fail was because it would involve trying to what i meblamf we went over the fiscal cliff, and republicans don't think the media would accept that narrative. you know better than i would how the media would react but that was...
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harry reid and mitch mcconnell are the key players. he sounded frustrated after not receiving a counter-offer. a key member of the leadership team offered this update. >> offeringses and discussions between and we remain hopeful that will get a breakthrough. obviously what happened here between the two leaders in the senate had broken down because the senate democrats failed to come forward with a counter offer to the proposal the republicans made last night. hopefully the discussions between the.and senator mcconnell will get us on track. >> republican aides recognize the consequences if it falls apart. everybody gets a tax increase in 48 hours. >> well, it's less than 48 hours now. i'm wonder, are the democrats fighting among themself? >> there's a battle over social security. republicans are including a new way of calculating inflation to lower payments to recipients of social security. democrats had could consider it if it's part of a $4 trillion package. now republicans say it's off the table and key democrats are hopeful senate l
harry reid and mitch mcconnell are the key players. he sounded frustrated after not receiving a counter-offer. a key member of the leadership team offered this update. >> offeringses and discussions between and we remain hopeful that will get a breakthrough. obviously what happened here between the two leaders in the senate had broken down because the senate democrats failed to come forward with a counter offer to the proposal the republicans made last night. hopefully the discussions...
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that's where harry reid will be starting things today. he also is planning to include an extension of unemployment benefits. the unemployment benefits actually run out today. that fiscal cliff we've already reached. that is going to be in this starting point deal. now, things we're less clear on. for example, the budget cuts that are impending for most of government, and also the debt ceiling. those are two items that we think may not be in a deal. may be kicked down the road. either those budget cuts will hit and will last, or there will be a different fix later. that's where things seem to be right now, but those are a little bit more up in the air. >> lisa, does that extension for tax cuts for everyone over $250,000, is that for households or for individuals? >> that $250,000 is for individuals. >> okay, okay. i see. so how long do lawmakers have to make a deal at this point? >> right. i just want to make sure we're clear. they want to extend the tax cuts for people whose family income is under $250,000. so people making above that wou
that's where harry reid will be starting things today. he also is planning to include an extension of unemployment benefits. the unemployment benefits actually run out today. that fiscal cliff we've already reached. that is going to be in this starting point deal. now, things we're less clear on. for example, the budget cuts that are impending for most of government, and also the debt ceiling. those are two items that we think may not be in a deal. may be kicked down the road. either those...
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senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal from speaker john boehner last week, and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people, and it's why congress has an 11% job approval rating. >> frank lund says americans are fed up with gridlock in washington. >> there is no compromise, and i think that's going to grow as a concern among the public as we move into 2013. >> even starbucks is urging both sides to compromise. its employees are now writing "come together" on coffee cups in all washington, d.c., area stores. now, if congress does not act, experts believe the economy will
senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal...
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it would originate in the senate and it was no surprise that harry reid was meeting yesterday, it would be a short-term fix to prevent the fiscal cliff. the other is the grand bargain, and time is running out, it's unlikely you will get something like that, however, there's a chance that john boehner and republicans say, mr. president, the last offer that you had on the table, we agree to. and the third option is going over the fiscal cliff and as my colleague has pointed out time and time again, that seems to be the more likely option for everyone, because you end up going over and then that would allow republicans to countenance cutting taxes the way that president wants to do and that seems to be the direction we will be going. >> that third option, juftd going over the cliff, what are you hearing from the white house? is there a sense of confidence that if that were to happen that they would rebound better than republicans? >> reporter: well there's a sense in part, if you look at the polls, the majority of americans say they would blame republicans if the country were to go over th
it would originate in the senate and it was no surprise that harry reid was meeting yesterday, it would be a short-term fix to prevent the fiscal cliff. the other is the grand bargain, and time is running out, it's unlikely you will get something like that, however, there's a chance that john boehner and republicans say, mr. president, the last offer that you had on the table, we agree to. and the third option is going over the fiscal cliff and as my colleague has pointed out time and time...
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harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum that the president wants to see done before we hit january 1st. i've got to tell you, though, getting back to the votes, the votes simply aren't there in the house of representatives for that. they're likely not even there in the senate, so we're back at square one, amazing as it is to say at this point, thomas. >> when we talk about what we know about the president, as we expect him to return to washington landing at andrews air force base, but what more do we know about this phone calls or the phone calls that went out to the four congressiona
harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum that the...
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you had harry reid this morning saying we'll probably go over the cliff. we were down triple digits. then you had the announcement the house would reconvene. we almost rebounded. only closed down 18 points. where is all this going? i think the american public is ready to throw all of them into a room and lock the door and light a match. >> i'm with the american public on that. it's bad and what people come to expect from washington and to a certain extent i think i agree with both the other panelists. you had this going on in effect for a year not as intensely for the past several weeks but we've known about the uncertainty. there has been in paradoxical way certainty about the uncertainty you know this will happen. we bet on recent experience congress will either fail to get something done or get something slapped dash and ugly at the last minute. i think you have american public that be looed at this. said a pox on both of their houses and come to expect basically the worst from washington. adam: doug, let me ask you this. on behalf of those of us who do
you had harry reid this morning saying we'll probably go over the cliff. we were down triple digits. then you had the announcement the house would reconvene. we almost rebounded. only closed down 18 points. where is all this going? i think the american public is ready to throw all of them into a room and lock the door and light a match. >> i'm with the american public on that. it's bad and what people come to expect from washington and to a certain extent i think i agree with both the...
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and these idiots from harry reid to the president on top and john boehner included, i'm equal opportunity, it's horrible. >> we heard the same thing at the end of 2011 europe would spill to theist and the u.s. consumer was changing their habits. i'd like to point out the discretionary consumer is the second best in the market this year, 21%. any whoever made a bet against the u.s. consumer -- >> what kind of pullback are we talking about? if you guys like the market through the early part of 2013 -- >> i don't like it in january, judge, for what i just mentioned because we will see tax laws selling. we have not seen. we have seen gains selling, people taking gains. when they start taking these loss and when all the rest of this stuff kicks in, that's when i worry these guys will make an even worse deal in panic in january. >> let's go to our guests. what is the best way to protect your money with the cliff deadline a few days away, jason pride, director of glenn me. how are you doing? how do you perceive the markets with a couple days of trade iin left? >> i kind of agree with the conster
and these idiots from harry reid to the president on top and john boehner included, i'm equal opportunity, it's horrible. >> we heard the same thing at the end of 2011 europe would spill to theist and the u.s. consumer was changing their habits. i'd like to point out the discretionary consumer is the second best in the market this year, 21%. any whoever made a bet against the u.s. consumer -- >> what kind of pullback are we talking about? if you guys like the market through the...
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harry reid wasn't at the capital yesterday. mitch mcconnell was there. the senior staff are trying to figure out what palsy is acceptable. they are trading very detailed information, they are getting scores from the joint committee on taxation to figure out how much money the various proposals raise. you have the white house team and democratic team in reid's office. the republican team in mcconnell's office. they are gaming out what they want and throw in offers across the table. the good news is they are trading those offers. >> t.j., can i say a word in defense of asinine politicians? the asinine politicians are reflecting real divisions in the country, divisions of self-interest, divisions of philosophy. it's more difficult to do because of the structure of our system, the way the two parties developed. ultimately, they are talking act thing that is cost people money and things that would benefit others financially. those are difficult issues to settle. you know, our system was designed to make them difficult to settle, not as difficult as they are i
harry reid wasn't at the capital yesterday. mitch mcconnell was there. the senior staff are trying to figure out what palsy is acceptable. they are trading very detailed information, they are getting scores from the joint committee on taxation to figure out how much money the various proposals raise. you have the white house team and democratic team in reid's office. the republican team in mcconnell's office. they are gaming out what they want and throw in offers across the table. the good news...
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senator harry reid has not passed budgets. president obama's budgets have been voted on 3 times, the final vote tally, 0-610. so getting back to your first question, have i seen a plan out of this president that would be an obvious yes from us? i haven't seen any specific plan. all i have seen is demagoguery and a few numbers thrown out, whether it's $800 billion over 10 years or $1 of revenue for $3 of spending cuts, but nothing specific that we need to see to hammer this thing out. >> he says the onus is on congress, this is your job to get done. he said in the clip we just had, if it doesn't get done, the people who are going to pay are the senior who is will lose out on benefits that they are enjoying. is that an accurate representation of what will happen? >> no! this country needs presidential leadership. the house has passed two budgets that would spend $7 trillion less than what president obama's budgets were proposed at. again, remember president obama's budgets didn't get a vote from a member of his own party. we do
senator harry reid has not passed budgets. president obama's budgets have been voted on 3 times, the final vote tally, 0-610. so getting back to your first question, have i seen a plan out of this president that would be an obvious yes from us? i haven't seen any specific plan. all i have seen is demagoguery and a few numbers thrown out, whether it's $800 billion over 10 years or $1 of revenue for $3 of spending cuts, but nothing specific that we need to see to hammer this thing out. >>...
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Dec 29, 2012
12/12
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harry reid, minority leader mitch mcconnell, house speaker john boehner and house democratic leader nancy pelosi met at the white house yesterday afternoon with the president and vice president. here's where things stand right now. the senate leaders are meeting aiming to avoid tax hikes. and they may vote on a deal sunday or perhaps on monday. jessica yellin is our chief white house correspondent. lisa day jar dayne is on capitol hill. the president used his bully pulpit to reinforce the idea that senators need to get busy. so let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> so jessica, you were in the room for the president's remarks. on a scale of 1 to 10, let's measure
harry reid, minority leader mitch mcconnell, house speaker john boehner and house democratic leader nancy pelosi met at the white house yesterday afternoon with the president and vice president. here's where things stand right now. the senate leaders are meeting aiming to avoid tax hikes. and they may vote on a deal sunday or perhaps on monday. jessica yellin is our chief white house correspondent. lisa day jar dayne is on capitol hill. the president used his bully pulpit to reinforce the idea...
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Dec 27, 2012
12/12
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senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who haven't been following this kind of thing and raises the stakes for the fiscal cliff end game because the white house had wanted a debt ceiling deal as part of the overall deal here on the fiscal cliff. republicans have bee
senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his...